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Bid Summary
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Bank of Wyoming
Thermopolis, WY
Closing Date: July 10, 2009
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Winning Bidder:
Central Bank & Trust, Lander, WY
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Winning Bid:
All deposits P&A – Deposit Premium 0%. |
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Other Bids:
None. |
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Notes:
- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
- Although three bids were received for this institution, the second and third bids would have been more costly than liquidation. They have therefore been excluded from this summary.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
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